Tuesday, August 24, 2010
James Kwak: Housing Is A Bad Investment
If the government can't borrow to jump-start the economy, then the economy collapses. If you think wealth will start making products, when there are no customers - just a sea of unemployed in a jobless market - then you're more then deluded.
The way to create lasting jobs is to provide paying customers to businesses - not products for the jobless. Until we can do that, the sound we all hear is the middle class trying desperately and failing to exist - poof; no more you and your middle-class life.
About Housing Crisis
Read the Article at HuffingtonPost
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